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Federal Reserve Chairman Ben Bernanke defended the agency's rescue of Bear Stearns in a Senate hearing Thursday, saying the move was necessary to prevent further impact on the general economy. Financial experts weigh the Fed's response to recent economic turmoil.
Federal Reserve Chairman Ben Bernanke on Wednesday told Congress that while the current downturn might be temporary, "a recession is possible."…
By Admin, PBS NewsHour
Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may continue to shrink -- signaling the possible start of a recession -- in his first testimony since the Fed approved the bailout of investment firm Bear Stearns.
Democratic candidates Barack Obama and Hillary Clinton hit the campaign trail in Pennsylvania while presumptive GOP nominee John McCain embarked on his "biography tour" to steer political attention his way. Judy Woodruff reports on the latest news from the campaign…
A Pew Research Center poll finds that Americans have a strongly negative view of the economy, are closely split over support for presidential candidates and that the controversial remarks of Sen. Barack Obama's former pastor, Rev. Jeremiah Wright, have not…
All three presidential hopefuls weighed in on current U.S. economic turmoil this week, outlining their solutions for issues ranging from soaring foreclosure rates to government oversight of investment banks.
New numbers released by the government Thursday highlighted the continued weak performance of the national economy, with the Commerce Department reporting an anemic 0.6 percent increase in the gross domestic product in the final three months of 2007.
Presumptie GOP nominee Sen. John McCain warned Tuesday against hasty government involvement in the U.S. mortgage crisis, while both Democratic candidates have called for increased regulation of lenders. An analysts considers the state of the housing market.
Robert Rubin, who served as treasury secretary during the Clinton administration and is currently the chairman of the board of directors at Citigroup, evaluates the state of the U.S. economy and the role of government intervention in recent economic troubles.
In recent months, the U.S. business world has been hit with troubling economic news, ranging from the subprime mortgage crisis to the Bear Stearns bailout to the plummeting value of the dollar. Paul Solman explains the factors that have led…
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